Polish tractor maker Ursus signs contract with Ethiopian Sugar Corporation

The Lublin-based firm will send 174 tractors and 390 trailers (and parts) for sugar cane transportation.

The contract could be increased by 25 percent, and talks are also being held in Angola, Nigeria and Tanzania, the company said.

CEO Karol Zarajczyk said earlier this year that Ursus is also looking at creating a series of Joint Ventures in several countries in Africa. The company plans to have production facilities, specifically a steel foundry, in Africa at some point in the future but will initially focus on building up a network of production and distribution centers. Tanzania, Kenya and Angola are targeted, Zarajczyk said.

In Africa, Ursus has already invested in Algeria, Angola, Egypt, Morocco, Nigeria, and South Africa.

In 2013 Warsaw-based Ursus signed a USD 90m-contract to export 3,000 tractors to Ethiopia over a two-year period to the Metals and Engineering Corporation (MeTEC). MeTEC was established by the government of Ethiopia and comprises 15 semi-autonomous and integrated manufacturing companies.

Ursus is a Polish tractor manufacturer in which agricultural machinery producer Pol-Mot Holding is the main shareholder. (jh/rk)

Source: Nasz Dziennik